If you are a U.S. citizen or resident with an interest in a foreign corporation which exceeds 9%, you are a director of a foreign company in which one or more U.S. persons hold stock which exceeds 9%, or you are related to a person who holds an interest in a foreign...

The One Big Beautiful Bill Act (OBBBA) has now been in force for almost six months, and its impact is beginning to take shape across tax administration and compliance. Key Highlights So Far Streamlined processes: Several filing and reporting requirements have been...

IRS News The IRS has announced that the 2020 Annual Tax Filing Season (ATFS) will open on January 27, 2020. The IRS strongly encourages electronic filing and preparers are required to electronically file returns they prepare for compensation. The IRS is currently...